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Uber's flying taxis to be released in 2020

Uber's first flying taxis will hit the skies in 2020.

The transportation network company have revealed they are ahead of schedule with their plans to roll out their flying vehicles across Dubai and Texas in three years time.

The small aircraft - which will run off electric - will take off and land vertically whilst also cutting down noise and air pollution in the city.

Uber claims the new vehicles could cut down travel times drastically, reducing a two hour journey from San Francisco to San Jose to just 15 minutes.

It is thought the firm would charge $1.32 per passenger per mile for travel using this new vehicle but say the cost could go down eventually.

Speaking at the Uber Elevate Summit in Dallas, Chief Product Officer Jeff Holden also revealed Uber has teamed up with Hillwood Properties to create four stations that contain takeoff and landing pads as well as places to charge the vehicles.

It comes after Uber released a white paper, detailing their plans to create flying taxis.

Writing in the paper at the time, they shared: "We expect that daily long-distance commutes in heavily congested urban and suburban areas and routes under-served by existing infrastructure will be the first use cases for urban VTOLs ...

"We also believe that in the long-term, VTOLs will be an affordable form of daily transportation for the masses, even less expensive than owning a car. Normally, people think of flying as an expensive and infrequent form of travel, but that is largely due to the low production volume manufacturing of today's aircraft. Even though small aircraft and helicopters are of similar size, weight, and complexity to a car, they cost about 20 times more."

However, the company understand that there will be a high cost to it to begin with.

They added: "Ultimately, if VTOLs can serve the on-demand urban transit case well  - quiet, fast, clean, efficient, and safe  -  there is a path to high production volume manufacturing (at least thousands of a specific model type built per year) which will enable VTOLs to achieve a dramatically lower per-vehicle cost.

"The economics of manufacturing VTOLs will become more akin to automobiles than aircraft. Initially, of course, VTOL vehicles are likely to be very expensive, but because the ridesharing model amortizes the vehicle cost efficiently over paid trips, the high cost should not end up being prohibitive to getting started."

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